ShareProphets

The one stop source for breaking news, expert analysis, and podcasts on fast-moving AIM and LSE listed shares


Join ShareProphets at less than 2p per article

> All the big AIM fraud exposés

> 300 articles and podcasts a month

> Hot share tips

> Original investigations by our experienced team

> No ads, no click-bait, no auto-play videos

Find out more

A new dawn at Range Resources – dream on!!! - Even more damning!

By Ben Turney | Tuesday 3 June 2014


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


This morning, Range Resources (RRL) slipped out yet another crucial detail concerning the controversial Platinum Partners loans, which it had previously failed to inform shareholders adequately about. It turns out that as well as the 100million shares in Range held as collateral, Platinum also held the 100million of Range’s shares in Citation Resources, held in trust. Together, these blocks of shares are worth roughly £1.91million, based on last seen prices. It is anyone’s guess what else Range has failed to update the market properly about, but if you really believe this is a company experiencing a new dawn then dream on.

You must be signed in to see this content

Register here for free and have immediate access for three free articles per month.

Already registered? Click here to sign in



This area of the ShareProphets.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ShareProphets.com. ShareProphets.com does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ShareProphets.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ShareProphets.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions.


Site by Everywhen